Question
What is the aim of the Universal Service Obligation Fund
(USOF)?Solution
The USOF comes under the Indian Telegraph Act 1885. The act was amended in 2003 to give statutory status to the fund. The Department of Telecommunications, Ministry of Communications governs the fund and related provisions. The aim of USOF is to provide a balance between the provision of Universal Service to all uncovered areas, including the rural areas.
A company's current ratio is 2.5, but its quick ratio is only 0.9. What does this suggest about its liquidity?
When shares are issued by a company to its employees or its directors, either at a discount or for consideration other than cash, for providing know-how...
What is the maximum loan limit prescribed for lending to Self-Help Groups (SHGs) under NABARD guidelines?
As per RBI’s 2025 guidelines, in a project finance loan of ₹1,500 crore or more, what is the minimum exposure per lender required?
From the following details, calculate interest coverage ratio:
Net Profit after tax Rs. 60,000
Long-term debt of Rs.1,000,000 at 10% ...
An asset is purchased for ₹10,00,000. Salvage value is ₹1,00,000. Useful life is 5 years. Using WDV @ 10%, what is the depreciation in year 3?
A company has average account receivables of Rs 120000 and annual credit sales of Rs 600000, Calculate the average collection period (assume number of d...
The primary benefit of an ERP system's integrated database is that it:
Consider the following journal entry:
In what circums...
If an ad-hoc credit limit sanctioned by a bank is not reviewed and the account shows no activity, when does it become an NPA?
Relevant for Exams:
